STANDARD INQUIRY
What is the approximate FICA tax?
What is 7.65%
What is the difference between the W-2 and the W-4 form?
Some of the following: The W-2 is a statement of one's annual wages and taxes provided by the employer. The W-4 is provided by the employee and tells the employer how much to withhold for taxes.
What does AGI stand for?
What is Adjusted Gross Income?
How many tax brackets does Arizona have?
What is 5?
Assuming a single person gets married how much does his standard deduction change if filing jointly?
What is 12,000?
Name three different types of itemized deductions.
Three of the following: home mortgage interest, income taxes, investment interest expense, medical expenses, charitable contributions, and business expenses.
What are the different types of the 1095 form?
What are 1095-C and 1095-A?
What does FICA stand for?
1. Financial Income Consent Act
2. Federal Insurance Contributions Act
3. Furries In Costumes Association
What is Federal Insurance Contributions Act?
How much would one pay in sales tax in Phoenix on a $100 purchase.
What is $8.60?
If a man makes $100,000, what federal tax bracket it he in?
What is $9,086 and 22%.
When is the tax cutoff date?
What is April 15th?
What two types of 1040 are no longer used as of 2019?
What are the 1040EZ and the 1040A?
What does the INT in form 1099-INT stand for?
What is interest?
What is the difference between a deduction and an exemption?
An exemption is not considered part of your income while a deduction is the amount you can subtract from your taxable income.
A man is unable to pay his taxes. What should he do?
One of the following: put it on a credit card, take out a bank loan, fake his death and move to Mexico, set up a payment plan with the IRS, and seek forgiveness from the IRS.
What date does the tax extension close?
What is the difference between a salary and a wage?
Some of the following: a salary is a scheduled and set pay despite how many hours were worked, while a wage is dependent on how many hours are worked.
What does the IRS stand for?
What is Internal Revenue Service?
What is the difference between itemized deductions and a standard deduction?
A standard deduction is something offered to everyone filing taxes while an itemized deduction is from personal costs throughout the year.
A woman makes $12,000 in a fiscal year. Is she eligible to pay taxes?
What is no?
What is the difference between AGI and normal income?
AGI is taxable and is the amount after deductions and exemptions while normal income is the annual salary.
What are the 1095-A and the 1095-C forms?
What are the 1095-A a Health Insurance Marketplace Statement while the 1095-C is an employer provided health insurance offer and coverage.
What is the acronym for Social Security Tax?
What is S.S.T?
What is a tax credit?
A variable amount that taxpayers can subtract from the total amount of their income tax?
A man lives with his incapacitated wife, his mom, and his two children. How many dependents can he claim?
What is 4?